U.S. Morning Call: Slow global growth renews recession fears

Monday, October 01, 2012 - 02:33

Oct. 1 - Poor manufacturing data in the euro zone and China is worrying investors, potentially signaling a new recession.

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Whether you look at west economic growth not in the cards this morning and -- -- on its way to becoming a deal come true. Here's your morning call for Monday. The eurozone singing the blues this morning with manufacturing -- its worst performance in the three months to September since the Great Recession. New orders also falling for the region and manufactures cutting jobs. For all but one of the last eleven months indicating a new recession may be on the way. Not much brighter picture over in China the latest factory PMI survey fallen short of fifty. Signaling contraction in the manufacturing sector. All eyes will be on the US later today with the impending release of the ISM manufacturing index for September. The data expected to confirm their recent weakening trend in factory activity. Despite all signs of slowdown US stock futures charging ahead this morning. With all three indices in the green just as we kick off the fourth quarter. -- -- -- can sway the market it's Ben Bernanke's and he's speaking today. Investors looking to gauge the -- appetite for even more bond buying after it on its third round of quantitative easing in September. Later this week Obama and Romney face off in their first presidential debate about just playing a significant lead in the polls in the past two weeks. Xstrata digging up -- deal with -- or that mining job not board approved the merger with -- court today. Only as long as their -- managers get hefty pay package. Xstrata took -- court revised 33 billion dollar offer. But stuck to its guns on retention aiming to keep its managers and -- to -- its pipeline of projects. Type talks between two of the world's largest commodities companies had been in the works for years. Shares Xstrata up around 3% today on the London Stock Exchange. And for some stocks to watch GM in reverse gear recalling about 41000. Cars over fuel leak problem. The issue in -- -- acts Shaq -- and saturn's. And other new alliance in the war that maps. Oracle teaming up with Nokia uses mapping service Nokia is also recently signed mapping deals with group on Amazon watch out who. That's your boarding call for Monday follow us on Twitter at Reuters Insider for all the latest headlines and check out our Reuters YouTube channel. At Reuters dot com slash Reuters TV. I'm Lisa Bernard. Is orders.

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